It is targeting a deficit of 4.8% of gross domestic product in the next fiscal year that starts April 1, down from 5.2% this year.

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The Italian had made the halfway cut for the first time in six starts this year since returning from a worrying wrist injury, and was pleased with the improvements he has made under new swing coach Sean Foley -- who also works with Tiger Woods.

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Klum then starts to talk a little about her divorce from Seal earlier this year, clearly still a painful event.

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The Fed has already raised interest rates three times this year, but most economic indicators, from housing starts to jobs, indicate that the economy is still growing strongly - by 5.5% in the most recent quarter, according to official figures.

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Mr Crisp, who starts his post on 1 November, takes over from Alan Langlands who resigned earlier this year to become vice-chancellor of Dundee University.

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"Construction starts may have been up last year, but I expect that to fall around 10% this year because of the central government's lowered target for public-housing starts and diminished investment from private-property developers, " said Johnson Hu, a CIMB-GK Securities analyst.

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